and I'm here debating on whether or not Adobe Lightroom is worth the price of admission.

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Yes. I've used the built in raw editor from PS, RawShooter, and Nikon's program. Lightroom blows all of them out of the water. If I were starting all over, was shown PS: CS3 and Lightroom, and could only buy 1, it would have to be lightroom, and it wouldn't even be a difficult decision.